A student’s top 10 tips for earning £1000+ per month
We love hearing about how you are all getting on with your matched betting and so when one of our members sent us his top 10 matched betting tips on how he earns £1000+ per month, we wanted to share it with you.
Jake is a 2nd year Law student and a very keen matched bettor who has been a member with us for just over 6 months now. Have a read of his top 10 tips.
- Attitude – it’s the key here. I like to think of matched betting as a high interest savings account that I can’t access for 6 months. It enables me to get my fund big enough so that I can do any offers that I want at any time. Treat it like a new job with lots to familiarise yourself with and much to learn and yes, it can take time but relax in the knowledge that matched betting is not going anywhere soon.
- Plan matched betting into your day – every day if you can. Do it at a time that works best for you, this might be first thing in the morning, at lunch, or later in the evening. With me, I do it straight after my lectures in the afternoon – I actually use it as a bit of ‘down’ time (which has the added benefit of earning me money). I feel lucky that I can do it at any time and that it is so flexible. Perhaps work out the offers that you are going to do the day before and then set aside that time as ‘work’ time. I’ve learned that with experience you will speed up but don’t be tempted to rush, you don’t want to make mistakes. Use your time wisely; do the quick easy offers first, then the longer ones after. If a top offer comes through to you that morning then set it as a priority over the others.
- You might hear it a lot but DO EVERY OFFER that comes your way. The £5 free bet offers are very quick to do and you can really increase your funds by doing them. If something comes through that you don’t understand, have a good read of the T&C’s or post on the forum for some help and advice and wait for a reply, don’t rush into it – we’ve all been there and it’s the same as everything in life, once you’ve done it once, it will be a lot easier the next time.
- Keep organised – have a file or a bag with all of your matched betting stuff – it’s actually not much but maybe a notebook, pen, calculator perhaps.
- Knowledge - you need to know not just how to place back and lay bets, but how to troubleshoot any mistakes or unknowns that might crop up. Don't guess or assume something, simply ask on the group forum for answers. The betting blog and guides are full of lots of useful advice for different scenarios.
- Dedication – of course, taking time off from matched betting won’t lose you money but it will cost you money – money that you could have earned. Obviously you don't want to be matched betting 24/7 (although some of my friends practically do!) but keep at it and perhaps set yourself targets – an extra £500 a month for your living costs, a holiday, a car or the deposit for a new house, etc. It’s all achievable.
- Keep accurate records - use an excel spreadsheet or just an old fashioned pen and notebook, whatever works best for you. Recording everything is very important especially as you could potentially have dozens of offers on the go at any one time. You’ll know exactly where your cash is and what your profit is at any given time.
- Keep low – I don’t mean hiding here! I mean try to keep your qualifying losses as low as possible but avoid the temptation to arb a bet – this could lead to a gubbing.
- Learn from your mistakes – we all make them big or small, we’re human after all. Don’t let it get you down. Realise what went wrong, take a mental note and move on to the next offer. It’s so important to start with the beginner offers and build yourself up to the advanced ones.
- Spread the word far and wide - getting your friends and family into matched betting inevitably means more customers for the bookies to fight over and what does that mean for you? More free bets and bonuses of course!